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Realityhurts

04/07/14 10:57 AM

#63880 RE: petermic #63879

Pot stocks pumped by groups can go down too? I'm shocked!

integral

04/07/14 11:17 AM

#63881 RE: petermic #63879

It is the pathetic 8K Item 9.01 released today. Half of the company's assets are "other" and "loans to shareholders" with no accompanying notes. Looks like this merging in entity was a personal bank account, i.e. commingling of funds and piercing the corporate veil for one of the affiliates.

Expect comments.

What is the collectibility on those assets? Also, they booked $1.9 million in revenue, but are carrying only $104k in A/R.

Very fishy.

janice shell

04/07/14 11:50 AM

#63885 RE: petermic #63879

Maybe someone… cried wolf.